张延苓女士认为，长寿时代的来临正在促使保险行业重新理解自身职责：保险不只是事后赔付，更是全 生命周期的风险治理；也不只是商业工具，更是国家应对老龄化的重要支撑力量。保险企业想要更好的 应对老龄化，就要有行之有效的手段来控制保险公司的长期赔付风险。通过爱心人寿的健康管理计划， 积极引导用户关注自身健康，为客户全生命周期护航的同时，还实现了保险公司、医院与用户的三赢局 面，为行业的可持续发展探索出了一条新路。 生命表的更新承载着人民对美好生活质量的改善期待，作为"社会稳定器"的保险行业，更应该为人民群 众托稳长寿生活。爱心人寿将始终以满足人民的切实需求为己任，推出更多优质保险产品，让长寿时代 的挑战真正转化为群众可感可及的保障增量！ 日前，国家金融监督管理总局正式发布了《中国人身保险业经验生命表(2025)》，该生命表将于2026年 1月1日起全面实施。生命表是人身险产品定价和风险管理的基础工具，也是国家应对人口老龄化的重要 制度支撑，折射出人口结构和长寿趋势的深刻变化。爱心人寿创始人、董事长张延苓指出，新生命表的 发布，为保险企业重构产品体系指明了方向，只有建立在真实生命规律之上的产品，才是人民真正需要 的保险 ...

Core Insights - Yuexiu Group has completed the acquisition of Hong Kong Life Insurance for HKD 1.768 billion, marking the largest insurance company acquisition in Hong Kong in 2024 [2][4] - The acquisition allows Yuexiu Group to strengthen its financial services in Hong Kong and support the local economy [2][5] Acquisition Details - The acquisition was finalized on October 9, 2025, after receiving regulatory approval on September 25, 2025 [2][3] - Yuexiu Group now indirectly holds 83.33% of Hong Kong Life Insurance through its wholly-owned subsidiary, Yuexiu Insurance (Holdings) Limited [3] Strategic Considerations - The acquisition fills a critical gap in Yuexiu Group's financial portfolio by obtaining a life insurance license, positioning the company as a comprehensive financial holding group [4][5] - Hong Kong Life Insurance has a total asset of approximately HKD 14.3 billion and reported a premium income of HKD 430 million, ranking 18th among 50 life insurance companies in Hong Kong [4] Financial Performance - Hong Kong Life Insurance reported net losses of HKD 512 million and HKD 488 million for the years 2022 and 2023, respectively, but turned a profit of HKD 31.58 million in 2024 [4] Future Plans - Yuexiu Group plans to inject HKD 1 billion into Hong Kong Life Insurance to enhance its capital strength and develop new products, particularly in the areas of elderly care and health services [8] - The company aims to leverage its expertise in banking, insurance, and investment to foster innovation in financial and insurance services [8] Market Context - The Hong Kong insurance market has shown signs of recovery, with new single premium income reaching HKD 133.8 billion in 2024, 36.2% of which came from mainland visitors [6] - The acquisition aligns with the trend of mainland customers increasingly favoring Hong Kong insurance products, particularly in the Greater Bay Area [6]

Core Viewpoint - The future of home-based elderly care services in China is expected to become a competitive market similar to the elder care community sector five years ago, but it currently faces three major bottlenecks: unclear profit models, insufficient care services, and the need for industry standards [1][3][5]. Market Overview - As of 2024, the population aged 60 and above in China is projected to reach 310 million, accounting for 22% of the total population, with those aged 65 and above reaching 220 million, or 15.6% [4]. - The current elderly care system in China follows a "9073" model, where 90% of elderly care is home-based, yet less than 1% of the elderly reside in care institutions [2]. Industry Trends - The demand for home-based elderly care is increasing due to the aging population, with a significant shift towards community and home care services [3][5]. - Insurance companies are increasingly entering the home-based elderly care market, adopting a light-asset model to avoid the heavy competition in elder care communities [2][5]. Government Support - The Chinese government has issued multiple policies to promote the development of home-based elderly care services, emphasizing community support and the enhancement of care for disabled elderly individuals [2][5]. Insurance Companies' Strategies - Over 20 insurance companies, including China Ping An and China Taiping, are actively exploring home-based elderly care services, utilizing models such as "insurance + service" and long-term care insurance [2][5][6]. - China Ping An launched its home-based elderly care service brand "Ping An Butler" in September 2022, covering over 85 cities and serving more than 190,000 clients by the end of 2024 [6]. Challenges in the Sector - The home-based elderly care sector faces significant challenges, including a shortage of qualified caregivers, with a reported gap of 5.5 million caregivers needed [17]. - The lack of standardized services and quality control in home care presents difficulties in meeting diverse elderly needs [18][19]. Future Outlook - The home-based elderly care market is expected to experience explosive growth, with projections indicating that the market could exceed 50 billion yuan by 2026, and the overall commercial elderly care market could surpass 200 billion yuan [8]. - Insurance companies are anticipated to integrate home-based elderly care services into their sales systems, driven by the increasing demand for such services [16].